Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Economics help: factors described here would make industry competitive rather than oligopolistic? - I need help in understanding how each of the factors described here would contribute to making the cotton textile industry competitive rather than oligopolistic:
A historical account of the development of the cotton textile industry in england argued:
the cotton textile industry was shaped by ruthless competition. Rapid growth in demand, low barriers to entry, frequent technological innovations, and a high rate of firm bankruptcy all combined to form an environment in which.....oligopolistic competition became almost impossible. -
